On my calcs the capital cost of Estia's places value up as follows
Operation Places 6,596 Market Cap 533.6m RADs 958.6m Debt 597.7m Total Capital 1.551b Cost per place 235.3k
Aged care homes would cost more like double this $450k to build brand new after accounting for Land cost Town planning Building design and consultants Construction cost Equipment costs Trading up of 12 months Bank interest costs
A bargain is to be had by a NFP wanting immediate scale as a going concern.
EHE Price at posting:
$2.08 Sentiment: Buy Disclosure: Held
